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Late-Stage revenues up 19% in the quarter
October 30, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
Covance 3Q Revenues: $606.7 million (+11%) 3Q Earnings: $44.2 million (+17%) YTD Revenues: $1.8 billion (+10%) YTD Earnings: $133.4 million (+119%) Comments: Late-Stage Development revenue grew 19% to $386 million in the quarter, driven by kit volumes and central lab services, up 26%, and clinical development revenue up 14%. Early Development revenue was $220 million, up 1%, with growth in clinical pharmacology, offset by declines in discovery support services and pharmaceutical chemistry s...
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